Glancy Binkow & Goldberg LLP, representing investors of New Oriental
Education & Technology Group Inc. (“EDU” or the “Company”) (NYSE:EDU),
announces that all purchasers of the American Depositary Shares of EDU
between July 21, 2009 and July 17, 2012, inclusive (the “Class Period”),
have until September 21, 2012 to file a motion with the Court to be
appointed as Lead Plaintiff. The securities fraud class action lawsuit
was filed in the United States District Court for the Central District
of California.

The Complaint charges EDU and certain of the Company’s executive
officers with violations of federal securities laws. EDU provides
private educational services, primarily in China. The Complaint alleges
that throughout the Class Period the defendants made false and/or
misleading statements, as well as failed to disclose material adverse
facts about EDU’s business, operations and prospects. Specifically, the
Complaint alleges that the defendants made false and/or misleading
statements and/or failed to disclose: (1) that the Company lacked a
sufficient basis for the consolidation of Beijing New Oriental Education
& Technology (Group) Co., Ltd., a variable interest entity of the
Company, and its wholly owned subsidiaries, into EDU’s consolidated
financial statements; (2) that, as a result, the Company was improperly
consolidating Beijing New Oriental Education & Technology (Group) Co.,
Ltd., into EDU’s consolidated financial statements; (3) that, contrary
to the Company’s representations, EDU’s entire store network is not
Company-owned because EDU has numerous franchisees; (4) that upfront
franchise and other fees had inflated EDU’s cash balances; (5) that the
schools that conduct EDU’s operations were ultimately state property;
(6) that, as a result of the foregoing, the Company’s financial results
were misstated during the Class Period; (7) that the Company lacked
internal and financial controls; and (8) that, as a result, the
Company’s financial statements and financial results were materially
false and misleading at all relevant times.

If you purchased the American Depositary Shares of EDU between July 21,
2009 and July 17, 2012, you may move the Court, no later than September
21, 2012 to serve as Lead Plaintiff; however, you must meet certain
legal requirements. To be a member of the Class you need not take action
at this time; you may retain counsel of your choice or take no action
and remain an absent Class member. To learn
more about this action, or if you have any questions concerning this
Notice or your rights or interests with respect to these matters, please
contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925
Century Park East, Suite 2100, Los Angeles, California 90067, by
telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.

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